HB2320 Summary

• For levy years 2019 and 2020 only, the Property Tax Extension Limitation Law applies to all non-home rule taxing districts, not just those in affected counties.

• For levy years 2019 and 2020, the extension limitation is set at 0% or a voter-approved rate increase, eliminating the standard lesser of 5% or Consumer Price Index calculation for those years.

• Debt service extension bases cannot be increased during levy years 2019 and 2020, and no referenda on the applicability of PTELL may be submitted for those years.

• Amendments to Section 18-185 redefine "taxing district" for levy years 2019 and 2020 to include all non-home rule units while excluding home rule units.

• Implementation of this Act is exempt from state reimbursement requirements under the State Mandates Act.